U.S. consumer prices jumped 4.2% in April from a year ago as economic demand gained steam. (WSJ)
The International Energy Agency cut its 2021 forecast for growth in global oil demand. (WSJ)
Tesla exported more than half of the cars it produced at its Shanghai factory in April. (WSJ)
Mexico is invalidating a union vote at a General Motors truck factory after the U.S. asked for a review. (WSJ)
Toyota expects most of its U.S. vehicles will still use gasoline in 2030. (WSJ)
Sweden-based, China-owned Volvo Cars is exploring a potential initial public stock offering. (WSJ)
Chinese freight brokerage app Full Truck Alliance may file for a public stock listing in the U.S. that could value the company at $30 billion. (CNBC)
Chinese parcel carrier SF Holding’s real estate investment trust raised $334 million in a logistics-focused public stock offering in Hong Kong. (South China Morning Post)
Germany’s AMSilk raised $35.3 million in funding to accelerate its industrial production of synthetic silk polymers. (Sourcing Journal)
Utz Brands is buying chip manufacturer Festida Foods to improve its supply chain. (Supply Chain Dive)
Germany’s Hapag-Lloyd more than tripled first-quarter operating earnings to $1.9 billion while container volumes fell 2.6% from last year. (Lloyd’s List)
Maersk Line is signaling its next acquisition will be a large-scale deal aimed at expanding its logistics services. (Journal of Commerce)
Mitsui OSK Lines and Kawasaki Heavy Industries are studying the potential transport of liquid hydrogen to Singapore by ship. (TradeWinds)
CSX is buying bulk liquid chemicals truck operator Quality Carriers. (DC Velocity)
Singapore’s ST Engineering is setting up a leasing business for converted freighters with sovereign wealth fund Temasek. (FlightGlobal)
Britain’s Royal Mail is testing drone delivery of packages to the Isles of Scilly. (MetroUK)
Dining chain Chik-fil-A is running short of sauces. (CNN)
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